HG Beheer: what changed
What changed
HG Beheer
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€3.8m
2025 · -€5,703+€3.8m
Equity
€1.3m
2025 · €1.4m-€18,841
Cash
€73,223
2025 · €79,911-€6,688
Balance sheet total
€5.2m
2025 · €1.5m+€3.7m
Largest movements
Assets
- Receivables within one year +€3.3m
up €3.3m (+596%), from €550,000 to €3.8m
- Financial fixed assets +€425,000
up €425,000 (+59.9%), from €709,506 to €1.1m
Equity and liabilities
- Other debts +€3.7m
up €3.7m (+2,811%), from €132,267 to €3.9m
Income statement
- Financial income +€3.8m
up €3.8m (+143,320,062%), from €3 to €3.8m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€5,703
Other operating charges
-€103
Other operating items
-€819
Financial income
+€3.8m
Financial charges
-€3,194
Taxes
-€0
Result 2026
€3.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.3m
Investment
-€425,000
Financing
-€3.9m
Cash 2025
€79,911
From operations (derived)
+€4.3m
Net result for the year
+€3.8m
Receivables within one year
-€3.3m
Trade debts
+€46
Other debts
+€3.7m
Investment (derived)
-€425,000
Investment in fixed assets (net)
-€425,000
Financing
-€3.9m
Contributions, distributions and other
-€3.9m
Cash 2026
€73,223
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,493,008 | €5,191,946 | +€3.7m | +248% |
| Fixed assets | 21/28 | €863,097 | €1,288,097 | +€425,000 | +49.2% |
| Tangible fixed assets | 22/27 | €153,591 | €153,591 | = | 0.0% |
| Land and buildings | 22 | €153,591 | €153,591 | = | 0.0% |
| Financial fixed assets | 28 | €709,506 | €1,134,506 | +€425,000 | +59.9% |
| Affiliated companies | 280/1 | €709,506 | €1,134,506 | +€425,000 | +59.9% |
| Participating interests | 280 | €709,506 | €1,134,506 | +€425,000 | +59.9% |
| Current assets | 29/58 | €629,911 | €3,903,849 | +€3.3m | +520% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €550,000 | €3,830,626 | +€3.3m | +596% |
| Other amounts receivable | 41 | €550,000 | €3,830,626 | +€3.3m | +596% |
| Cash at bank and in hand | 54/58 | €79,911 | €73,223 | -€6,688 | -8.4% |
| Total equity and liabilities | 10/49 | €1,493,008 | €5,191,946 | +€3.7m | +248% |
| Equity | 10/15 | €1,360,741 | €1,341,900 | -€18,841 | -1.4% |
| Contributions | 10/11 | €83,025 | €83,025 | = | 0.0% |
| Capital | 10 | €83,025 | €83,025 | = | 0.0% |
| Issued capital | 100 | €83,025 | €83,025 | = | 0.0% |
| Reserves | 13 | €1,277,716 | €1,258,875 | -€18,841 | -1.5% |
| Non-distributable reserves | 130/1 | €8,303 | €8,303 | = | 0.0% |
| Legal reserve | 130 | €8,303 | €8,303 | = | 0.0% |
| Distributable reserves | 133 | €1,269,414 | €1,250,573 | -€18,841 | -1.5% |
| Amounts payable | 17/49 | €132,267 | €3,850,046 | +€3.7m | +2,811% |
| Amounts payable within one year | 42/48 | €132,267 | €3,850,046 | +€3.7m | +2,811% |
| Trade debts | 44 | - | €46 | +€46 | |
| Suppliers | 440/4 | - | €46 | +€46 | |
| Other amounts payable | 47/48 | €132,267 | €3,850,000 | +€3.7m | +2,811% |
| Operating charges | 60/66A | €5,245 | €6,167 | +€922 | +17.6% |
| Services and other goods | 61 | €3,482 | €4,301 | +€819 | +23.5% |
| Other operating charges | 640/8 | €1,762 | €1,865 | +€103 | +5.8% |
| Operating profit (loss) | 9901 | -€5,245 | -€6,167 | -€922 | -17.6% |
| Financial income | 75/76B | €3 | €3,840,980 | +€3.8m | +143,320,062% |
| Recurring financial income | 75 | €3 | €3,840,980 | +€3.8m | +143,320,062% |
| Income from financial fixed assets | 750 | - | €3,800,000 | +€3.8m | |
| Income from current assets | 751 | - | €40,980 | +€40,980 | |
| Other financial income | 752/9 | €3 | - | -€3 | |
| Financial charges | 65/66B | €461 | €3,654 | +€3,194 | +693% |
| Recurring financial charges | 65 | €461 | €3,654 | +€3,194 | +693% |
| Debt charges | 650 | - | €3,087 | +€3,087 | |
| Other financial charges | 652/9 | €461 | €568 | +€107 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,703 | €3,831,159 | +€3.8m | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Taxes | 670/3 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€5,703 | €3,831,159 | +€3.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,703 | €3,831,159 | +€3.8m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.